Contributed by: MatthewD, FreeTaxUSA Agent, Tax Pro With the introduction of online brokerage accounts and apps for smart phones, more people are investing in the stock market on their own. The statement you get from your brokerage company will likely be a composite or consolidated statement and will have several 1099…
Contributed by: RachelR, FreeTaxUSA Agent, Tax Pro and Henry, FreeTaxUSA Agent, Tax Pro This article applies to 2024 and later. The basic example assumed both the traditional IRA contribution and the Roth conversion step happened in the same year (for example, both events happened during 2024, for the 2024 tax year).…
Contributed by: PhillipB, FreeTaxUSA Agent, Tax Pro Not receiving your tax refund when expected can be extremely frustrating. To make the issue worse, the IRS is not very clear as to why your refund is taking more time. While FreeTaxUSA doesn't have any control over IRS refund processing, we can provide some ideas on why…
Contributed by: Henry FreeTaxUSA Agent, Tax Pro The sale of an inherited home is a significant event that comes with its own set of tax implications and requirements. Understanding how to correctly enter Form 1099-S from a sale is crucial for accurate tax reporting and compliance. Information required to report the sale…
Recently, I reviewed my Roth IRA and Traditional IRA to make sure I maxed out everything for 2024 and 2025. Since I was under the MAGI limit for 2024, I directly contributed $7000 to the Roth. For 2025, since I would be over the MAGI limit, I contributed $4000 into my tIRA and rolled it over, and then contributed $3000…
I did my 2023 taxes and included my business in which I didn't make any money. I would like to redo my taxes without the business, instead of amending it. I am supposed to mail it in, but I haven't. Can I just start all over? I did my tax on this site.
just sign up, can’t connect with the service. Thanks!
I rent out a parking spot using SpotHero. They provided me a 1099-K, but part of the money that went into box 1a (i.e., Gross Amount of payment) is taxes that were paid to the city or state, and some of the money is fees that SpotHero collects. So I take home a little more than half of what is reported in the 1099-K. How…
I never filed my taxes but I already paid the $14.99 how do I get a refund on that
I filed my state and federal return on April 15th with FreeTaxUSA and just found out from the Alabama State Revenue Department that my state retirement is exempt from state tax. However, when I finished filling out the federal return online, that info was automatically transferred to the state return and I ended up paying…
I have question I have a ptin not efin can i still use and get paid for tax that i prepare or i need a efin
My refund said it should have went in my account on 4/16/25. I have double checked my routing number, bank account number and double checked with bank. It is all correct. But the bank hasn't seen my deposit.
I'm trying to finish my taxes on e-file and I come to the healthcare part I get the Obama health care it's asking me all these questions and I have no idea I don't do anything for healthcare I just have an insurance card I don't understand what to do on that part
I'm trying to enter the sale of a business property which needs to transfer to form 4797, When i click the form is goes to schedule C income, what are the steps to get me to form 4797?
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